Dana Corp. DCN, -0.69%
shares were halted just before the market closed. Dana's chief executive officer said in a statement that the company is "comfortable" with analysts' estimates for the second quarter and fiscal 1999, contrary to media reports. According to a Bloomberg report, the Toledo-based company had said it expects second-quarter earnings to come in below analysts' consensus estimate of $1.17 a share. Dana makes parts for new cars.Shares were trading down 1 1/2 at 50 before trading was halted.

Remecremc
posted net income of 6 cents a share, excluding one-time charges, for the first quarter. Analysts were looking for a profit closer to 10 cents a share. The year-ago profit was 9 cents a share. Revenue for the quarter slipped to $43.2 million from $50.6 million in the year-ago period. Shares of the microwave module manufacturer closed down 9/16 to 12 7/16 ahead of the news.

Rocky Mountain Chocolate FactoryRMCF, +0.11%
announced after the market closed that it's on track to achieve record revenue and earnings for fiscal 2000. Revenue for 1999 rose 10.4 percent on a year-over-year basis. Rocky Mountain makes premium chocolate and other confectionery products. Shares added 1/16 to 5 1/2, ahead of the news.

SynopsysSNPS, -1.96%
announced that its board OK'd a stock buyback with a market value of up to $200 million. Synopsys makes electronic design automation software. Ahead of the release, shares closed flat at 43 5/8.

UALUAL, +1.34%
the parent company of United Airlines, announced after the market closed that it expects second-quarter earnings to be well below analysts' consensus estimate, citing fare discounting. The company expects per-share earnings of between $2.40 and $2.80. Analysts expected the company to earn closer to $3.10 a share, according to market research firm First Call.

Friday's U.S. advancers

Beyond.combynd
shares shot up 4 13/16, or 28 percent, to close at 22 1/4 after the online retailer of software said its been awarded part of a $120 million contract by the Internal Revenue Service. Under the pact, its largest deal ever, Beyond and privately held ITC will put Microsoft software on 130,000 desktop computers at the IRS. See Software Report.

Cor Therapeutics [s:corr] shares gained 3/4 to 15 1/4. Cor is next in line as a potential takeover target in the biotech sector, BusinessWeek magazine reported. Jim McCamant, editor of the Medical Technology Stock Letter, told the magazine that Schering-PloughSGP, -1.31%
and Chironchir
are interested in acquiring Cor. CBS.MarketWatch.com had the story a week ago.

Eli Lilly & Co.LLY, +0.04%
shares rose3 5/16 to 75 1/4 after the company said it will expand its $1 billion stock buyback plan to include $500 million in stock. The drug maker said it expects the buyback to be substantially completed by the end of the year. The company said the additional repurchase amount may offset anticipated share repurchases for future periods. The company is meeting with analysts in New York on Friday. See full story.

Michaels Stores mike
shares added 2 5/16, or 8 percent, to 30 3/4 after the company posted net income of $5.2 million, or 18 cents a share, in the first quarter. The figure beat analysts' estimates by 3 cents a share, according to figures compiled by First Call.On Thursday, the arts-and-crafts retailer announced that same-store sales increased 6 percent in May and total sales for the same month advanced 17 percent.

Periphonics Corp.PERI, +0.88%
shares climbed 1 3/8 to 11 7/8 after the company said fourth-quarter earnings will exceed the current earnings estimate on Wall Street due to higher revenue. Analysts polled by First Call anticipate a profit of18 cents a share for the year. The telephony and telecom solutions provider expects revenue to total about $44 million for the quarter, 36 percent higher than the year-ago period. See full story.

Procter & Gamble PG, -0.55%
shares gained 3 1/8 to 96 5/8 after a report said that the consumer products maker plans to cut thousands of jobs and close plants at a cost of up to $3 billion to become more competitive. See full story.

Wit Capitalwitc
shares jumped 19 percent on Wit's debut. The Internet-based investment bank priced its 7.6 million-share initial public offering at $9, at the high end of the estimated $7 to $9 range.Shares closed at 14 7/8. See IPO Report.

Friday's U.S. decliners

Shares of Exchange Applications exap
sank 3 1/4, or 12 percent, to 23 after the Boston-based company announced that it has completed its secondary offering of 3 million shares of common stock at $22 a share. Exchange Applications provides customer management software and solutions.

Guitar Center gtrc
shares slipped 27 percent after the company warned that fourth quarter earnings will come in 4 cents a share lower than expected. Analysts polled by First Call had expected a profit of 19 cents for the quarter.Due to the merger with Musician's Friend the company expects an earnings dilution to the final three quarters of fiscal 1999 of about 8 cents a share. PaineWebber sliced the stock's rating to "neutral" from "buy." Shares fell 4 1/8 to close at 10 15/16. See press release.

Shares of The Sports AuthorityTSA, +3.32%
sank 7/16, or 8 percent, to 4 13/16 after the company announced that same-store sales for May declined 6.4 percent for the period ending May 23, 1999. PaineWebber didn't like the sporting goods operator's news and cut the stock's rating to "neutral" from "buy."

Quantum Corp.qntm
shares lost 9/16 to 19 after the company said that it expects first-quarter earnings between 5 cents and 15 cents a share, on sequentially lower revenue. The consensus estimate is 31 cents a share, according to First Call Corp. The company blamed the projected decline on aggressive pricing in the desktop hard disk drive market. See Tech Report and Indications.

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